National Partners in Healthcare ("NPH"), a national healthcare organization delivering best-in-class anesthesiology services and a portfolio company of Assured Healthcare Partners, announced that Medstream Anesthesia Solutions ("Medstream") has joined NPH. Texas Capital Bank agented and arranged a $125,000,000 senior secured debt facility to support the acquisition, refinance existing debt and provide growth capital to NPH. The acquisition financing closed and funded on April 7, 2023.

"We are thrilled to partner with the physicians and staff at Medstream, as this combination expands NPH's footprint into the Southeast, Mid-Atlantic, Northeast, Pacific Northwest and Hawaii," said Mike Saunders, CEO of NPH. "In combination with NPH's existing operations in the southwestern U.S., we have created a national platform in anesthesia. We entrusted Texas Capital Bank to lead our acquisition financing during a time of uncertainty in the credit market and the team executed. This financing will support NPH's continued growth and further solidify our market leadership."

"It was a pleasure to partner with NPH to support its transformative acquisition of Medstream," said Texas Capital Bank Head of Corporate & Investment Banking Daniel Hoverman. "NPH's continued growth is a testament to its management team and its commitment to providing high-quality services. We are grateful for the confidence entrusted to our team and for the opportunity to help NPH achieve this key milestone."